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1990 Supreme(Mad) 67

SRINIVASAN
R. R. Dalavai – Appellant
Versus
Indian Overseas Bank and Others – Respondent


Appearing Advocates:R. R. Dalavai, C. Ramakrishna, S. Govindaswaminathan, T. Srinivasamurthy, Advocates.

Judgment :-

SRINIVASAN J.

The petitioner, who claims to be the Chairman, Madras Provincial Consumers' Association, Convenor, Civil Liberties Panel and the elected honorary president of the Triplicane Co-operative Bank Limited, Madras-5, has filed this writ petition for issue of mandamus directing (1) the third respondent to seek the expert opinion of the Auditor-General of India and act on his advice concerning the overseas operations of the first respondent during-the period 1981 to 1987 in its branches at Sayapur, Singapore, Hongkong and Indonesia ; and (2) the respondents to place before this court the full inspection report of Shri A. Namasivayam, the present executive director of the first respondent together with the original correspondence among them to enable this court to arrive at a fuller understanding of the issues raised in the affidavit of the petitioner and for formulating corrective guidelines that may be essential in preserving national wealth. The first respondent to the writ petition is the Indian Overseas Bank, represented by its chairman-managing director. The second respondent is the Reserve Bank of India represented by its Governor. The third respondent is the


















































































































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